Grexit has not occurred yet, but contagion is surely here, just look at the unsustainable debt financing levels in Spain. The EUR squeeze continues, albeit painfully slow. When Capital markets eventually go for the Greek kill, euro policy makers will not have had the time to put in place a structure that allows Greece to leave in an orderly fashion. The potential exit of Greece from the Euro system over the next few months could have some catastrophic consequences. The [...] read more
Grexit no more, Spain for EUR
Industrial Production Index
The Industrial Production Index (IPI) shows the monthly change in production for the major industrial sectors including mining, manufacturing, and public utilities, but does not include construction. Because production is measured in terms of output and not a dollar value representing the output, the index is not distorted by inflation making the IPI an accurate indicator of a country's industrial production capacity.
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